Bar Harbor Bankshares (NYSE: BHB) CEO adds 801 dividend plan shares
Rhea-AI Filing Summary
BAR HARBOR BANKSHARES President/CEO Curtis C. Simard reported additional indirect ownership of Common Stock. A filing shows an acquisition of 801.167 shares at $36.25 per share, held by the Curtis C. Simard Revocable Trust, through participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan.
After this transaction, the trust holds 139,630.9911 shares indirectly, while a separate 401(k) account reflects 2,147 shares of indirect ownership. The acquisition was reported under transaction code A, described as a grant, award, or other acquisition, and is exempt under Rule 16b-3(d).
Positive
- None.
Negative
- None.
Insights
Routine dividend reinvestment plan acquisition; neutral signal.
The President/CEO, Curtis C. Simard, indirectly acquired 801.167 Common Stock shares at $36.25 per share via the company’s Dividend Reinvestment and Direct Stock Purchase and Sale Plan. The position is held in a revocable trust and treated as indirect ownership.
This type of Rule 16b-3(d)–exempt, plan-based acquisition is typically administrative rather than discretionary trading. The filing also reflects indirect 401(k) holdings of 2,147 shares. Overall, the activity appears routine and does not materially change the visible ownership profile.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 801.167 | $36.25 | $29K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. These shares were acquired through the reporting person's participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan, in a transaction exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934, as amended.
Key Figures
Key Terms
Dividend Reinvestment and Direct Stock Purchase and Sale Plan financial
Rule 16b-3(d) regulatory
indirect ownership financial
transaction code A financial
FAQ
What insider transaction did BHB President/CEO Curtis C. Simard report?
Was the BHB insider acquisition by Curtis C. Simard an open-market purchase?
What does transaction code A indicate in Curtis C. Simard’s BHB Form 4?
Is the Curtis C. Simard Form 4 transaction for BHB considered routine?
AI-generated analysis. How Rhea-AI works. Not financial advice.